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CRYPTO MECHANIC
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If i define my portfolio with an emoji 🫠 How about you?
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I shared my monthly update on $BTC yesterday. Will share my lower timeframe thoughts tomorrow . Stay tuned.
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Read my monthly update on $BTC just in case if you missed .
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If you are scared of this drop remind yourself what your perspective was before you were buying. If it was to hold for a longer term then stop watching the market and don't be scared. if it was for the short term but you didn't take profit or cut your losses. You need to work on your perspective. A plan is a plan, be brave enough to follow it doesn't matter what the condition is. This will help you in the long run.
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$BTC Update Bitcoin is going to print a first red monthly candle after 6 months of upside and ain't no way it can bounce back $5000 in 4 hours. The plan is to observe what the next month does. If the next candle breaks the current monthly lows first and then starts moving up then it can most likely recover this current move down. But just in case BTC starts going up without taking the lows that can be a concern. (Picture 2) Based on the complete history of Bitcoin, A red candle always marked a Top. The chart may look weird to you it's a LOG chart. To see the full history without zooming out a lot. This time it might be Different as We didnt see a new big bull market high yet. All of the previous tops were way higher than the last top. Lets see this is why i said we will have to observe what next month does.
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We survived the dips before we will survive this one too. There is no need to be upset.
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